At the end of July came an opening for nonbank payments players that, as the old expression goes, you could drive a Mack truck through. And it’s our guess that we’ll be hearing much more about this opening—and about how financial-technology firms and other nonbanks are exploiting it—for quite some …
Read More »Search Results for: Alphabet
Alphabet Sweeps Android Pay And Other Services Under a Single Name: Google Pay
Say goodbye to Android Pay and Google Wallet, and say hello to Google Pay. Alphabet Inc.’s Google unit on Monday announced a rebranding of its disparate online payments services under the single moniker Google Pay. The new branding’s scope is so broad that even the function within Chrome Web browsers …
Read More »Alphabet Soup: Why ISVs Should Also Be ISOs
With the business of selling merchant accounts growing more technology-based every day, how are processors going to recruit new independent sales organizations that have the necessary expertise? For at least some processors, the answer lies in inducing independent software vendors, known as ISVs, to become ISOs as well. “Two very …
Read More »It May Be POS Alphabet Soup, But It’s Getting Easier for ISVs To Assume ISO Functions
By John Stewart With the business of selling merchant accounts growing more technology-based every day, how are processors going to recruit new independent sales organizations that have the necessary expertise? For at least some processors, the answer lies in inducing independent software vendors, known as ISVs, to become ISOs as …
Read More »A New Alphabet Soup, VARs and ISVs, Spells An Effective, But Expensive, Channel for Acquiring
Merchant acquirers once relied on independent agents, direct sales, and agent bank relationships to sign up merchants. Now, a new group has entered the picture and is accounting for a rapidly increasing share of new merchant accounts. Value-added resellers and independent software vendors will enroll 15% of all new …
Read More »16th Annual Field Guide to Innovative Payments
It’s May, and that means it’s time for our annual exercise to seek out and describe the payments players, apart from the big networks, that are rewriting the rules for the digital exchange of value. Capital One Financial Corp.’s bombshell announcement in February that it is offering to acquire Discover …
Read More »The CFPB Targets Mobile Wallets
The Consumer Financial Protection Bureau is at it again. If you develop or manage mobile-payment apps, you might want to pay attention. The agency’s proposed rules, aimed at so-called larger participants, may ensnare you, even if you’re only a fraction of the size of, say, Google or Apple. The agency …
Read More »How the CFPB’s Mobile Wallet Rule Is Raising More Questions Than Answers
The Consumer Financial Protection Bureau released its proposed rule on mobile wallets back in November, and comments on it closed Jan. 8, but that doesn’t mean the proposal isn’t still stirring up discussion as lawmakers, payments experts, and technology firms wrestle with its implications. The rule, which would define so-called …
Read More »How Apple is Juicing Payments
The iPhone maker is known for its impeccable technology. What is less obvious is its nuanced but multipronged assault on the payments business. Ask anyone on the street what Apple Inc. does, and such is the company’s fame that even the least technology-inclined will respond immediately with examples like the …
Read More »You Can Attribute Google Pay’s Demise to Weak Market Share And Google Wallet’s Popularity, Experts Say
Alphabet Inc.’s decision to discontinue Google Pay in the U.S. market, including its peer-to-peer payments capability, effective in June is not entirely an unexpected move, experts say, as the app has a more popular sibling in Google Wallet. And, they note, it lacks the market share of competing digital wallets. …
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